plans to travel to a major military community in newport news, virginia, to highlight the impact of pentagon cuts and a shipbuilding facility. on monday he urged a gathering of governors to push congress into action to avert the looming sequester showdown. >> now, these in packs will not all be felt on day one, but rest assured, the uncertainty is already having an effect. companies are preparing layoff notices. families are preparing to cut back on expenses. the longer these cuts are in place, the bigger the impact will become. so while you are in town, i hope you speak with your congressional delegation and remind them in no uncertain terms exactly what is at stake and exactly who is at risk. because here is the thing, these cuts do not have to happen. congress can turn them off any time with just a little bit of compromise. >> joining us our guests to uncover how billionaire investor such as pete peterson have helped reshaped the national debate on the economy, the debt, and social spending. between 2007 and 2011, peterson personally contributed nearly $500 million to his peter g. peterso